Has anyone collected $ damages by working through the binding arbitration clause in their Purchase&S agreement on their boat? I'd love to get some advice before I head down that road.
I discovered a very hidden problem (rust under epoxy and paint) after my boat purchase. The temporary tank repair was done by the seller who then stated the tanks were in good condition.
The P&S agreement is under FL law and lists Arbitration as the method for dispute resolution.
Now lets assume I have clear evidence of the “negligent misrepresentation”. My question on arbitration in FL is IF I get a favorable judgement through arbitration, do I have any hope of collecting? Complicating collection might be the transaction happened in FL, the seller resides in MI and the boat is in WA.
Thoughts....
I discovered a very hidden problem (rust under epoxy and paint) after my boat purchase. The temporary tank repair was done by the seller who then stated the tanks were in good condition.
The P&S agreement is under FL law and lists Arbitration as the method for dispute resolution.
Now lets assume I have clear evidence of the “negligent misrepresentation”. My question on arbitration in FL is IF I get a favorable judgement through arbitration, do I have any hope of collecting? Complicating collection might be the transaction happened in FL, the seller resides in MI and the boat is in WA.
Thoughts....